Energy Transfer Equity L.P. (NYSE:ETE) – Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for Energy Transfer Equity L.P. in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will earn $1.02 per share for the year, down from their previous forecast of $1.12. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Energy Transfer Equity L.P.’s FY2017 earnings at $1.14 EPS.

Energy Transfer Equity L.P. (NYSE:ETE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.06. The company earned $9.34 billion during the quarter, compared to the consensus estimate of $8.09 billion. Energy Transfer Equity L.P. had a net margin of 3.09% and a return on equity of 6.46%. The company’s revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share.

Earnings History and Estimates for Energy Transfer Equity L.P. (NYSE:ETE)

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, July 18th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 26th. Wolfe Research initiated coverage on shares of Energy Transfer Equity L.P. in a report on Friday, October 7th. They set a “hold” rating and a $17.00 price objective for the company. Barclays PLC reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Energy Transfer Equity L.P. in a report on Wednesday, July 13th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.70.

Energy Transfer Equity L.P. (NYSE:ETE) opened at 16.27 on Monday. Energy Transfer Equity L.P. has a 12-month low of $4.00 and a 12-month high of $22.80. The stock has a 50 day moving average of $16.84 and a 200 day moving average of $14.60. The company has a market capitalization of $17.07 billion, a PE ratio of 14.86 and a beta of 1.61.

A number of large investors have recently modified their holdings of ETE. Walnut Private Equity Partners LLC boosted its stake in shares of Energy Transfer Equity L.P. by 1.9% in the third quarter. Walnut Private Equity Partners LLC now owns 1,439,714 shares of the company’s stock valued at $24,975,000 after buying an additional 26,600 shares during the last quarter. First Western Capital Management Co boosted its stake in shares of Energy Transfer Equity L.P. by 16.5% in the third quarter. First Western Capital Management Co now owns 102,563 shares of the company’s stock valued at $1,722,000 after buying an additional 14,561 shares during the last quarter. Cohen Capital Management Inc. boosted its stake in shares of Energy Transfer Equity L.P. by 5.9% in the third quarter. Cohen Capital Management Inc. now owns 82,100 shares of the company’s stock valued at $1,378,000 after buying an additional 4,600 shares during the last quarter. Highland Capital Management LLC purchased a new stake in shares of Energy Transfer Equity L.P. during the third quarter valued at $680,000. Finally, MSI Financial Services Inc boosted its stake in shares of Energy Transfer Equity L.P. by 6.3% in the third quarter. MSI Financial Services Inc now owns 50,514 shares of the company’s stock valued at $848,000 after buying an additional 2,975 shares during the last quarter. 44.05% of the stock is currently owned by institutional investors.

Energy Transfer Equity L.P. Company Profile

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

5 Day Chart for NYSE:ETE

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